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New leadership for WASO, WAAPA

Two major arts companies have today announced new leadership, with the WA Symphony Orchestra appointing Mark Coughlan as chief executive and the Western Australian Academy of Performing Arts naming David Shirley as executive dean.

IGO buys 15% stake in Buxton

Peter Bradford-led Independence Group has taken a $4 million stake in junior explorer Buxton Resources.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss property development challenges, weak housing market, Fast Brick Robotics (FBR), subcontractor protections, and our special report on Business Dynasties, including the Buckeridge, Perron, and Blackburne families.

FBR hits 18-month low

Shares in robotics company FBR fell nearly 15 per cent today to their lowest point since June 2017, adding to a string of losses since it announced the termination of its strategic alliance with Caterpillar and a shift in strategy.

Westgold secures $38m

Westgold Resources has tapped investors for $23.4 million, while also announcing the sale of its lithium royalties at Mt Marion and Buldania for $15 million.

New DG at Department of Education

Melbourne-based executive Lisa Rodgers has been appointed director general of the Department of Education, making her the fifth woman to be appointed to a director general role in Western Australia this year.

IOOF shares down as APRA moves on execs

Shares in IOOF Holdings have lost more than a quarter of their value after the prudential regulator moved to disqualify the beleaguered wealth manager's top brass and impose new licence conditions.

Study sales history and cut your losses

Opinion: Often in sales the simple and most obvious solutions are the most effective. But if that’s true, why are those solutions so often overlooked?

ASX shrugs off Wall St slump to lift early

The Australian share market has lifted at the open with the healthcare and financial sectors among the best early performers as the bourse shrugs off a choppy Wall Street session and subdued oil prices.

Morning Headlines

Australia becomes an LNG force

Gold prices hold near five-month peak

Gold has risen to near a five-month peak on a weaker dollar and on expectations the pace of US interest rate hikes will slow, with the bullion also getting support from falling equities.

Oil dips 3% as OPEC delays output decision

Oil fell about three per cent in choppy overnight trade after OPEC and allied exporting countries ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day.

US-China trade worries weigh on US stocks

US stocks have closed slightly lower, but well above their session lows, as the arrest of a Chinese technology executive fanned fears of US-China tensions over trade, while some beaten-up big technology and internet shares posted gains.

Miners and banks drag ASX lower

The Australian share market closed lower, as nervousness about the US economy and the tentative trade stalemate between China and the US weighed on stocks.

First Test; India reach 9-250 at stumps

Australia have silenced Virat Kohli and every member of India's star-studded top order bar Cheteshwar Pujara, who fought back fastidiously with an impressive century on day one of the first Test at Adelaide Oval.

Setbacks for cruise ships at Broome

The state government has been forced to allocate an extra $8 million to a dredging program at Broome Port, while an independent report has ruled out the use of a below deck gangway for cruise ships at the port.

Applecross apartment proposal knocked back by JDAP

Boutique developer Norup + Wilson is headed to the State Administrative Tribunal to appeal the rejection of its latest proposal, a $39 million, 16-level apartment building near Canning Bridge.

Housing, red tape focus as state budget lifts

The state budget will be in surplus in 2019/20, according to Premier Mark McGowan, while a $421 million expansion of the Keystart program for first homebuyers and a move to reduce red tape will be two new policies to support the local economy.

Tribune in $30m Singapore buy

Gold miner Tribune Resources has purchased Singapore-based explorer Prometheus Developments in a deal worth $30.3 million.

Gruyere forecasts production lift to 300,000oz

Gold Road Resources has increased the forecast annual output for its half-owned $621 million Gruyere gold project, while confirming first production remains on track for mid-2019.

West African, VDM, Genesis to raise $60m

Three local exploration companies have tapped investors for up to $60 million, led by a $48.2 million capital raising from West African Resources for its Sanbrado gold project in Burkina Faso.

Echo appoints Maca, raises $6.5m

Echo Resources has signed a letter of intent to award two mining contracts to MACA for its Yandal gold project near Leinster, while also announcing a $6.5 million capital raising backed by major shareholder Northern Star Resources.

Cashies to bring in new CEO

Cash Converters International has appointed Bank of Queensland's Sydney-based group executive, Brendan White, as its new chief executive, starting in March next year.

Contemporary music a catch for Freo Arts

Fremantle Arts Centre has developed a diverse range of revenue streams, including contemporary music and arts training courses, to fund local artists.

Gearing up for a credit crunch

Opinion: All signs point to a tough year ahead as international trade events meet tightening credit conditions amidst falling house prices and likely changes to negative gearing.

ASX slips lower, miners and banks drag

Australian shares have slipped at the open, dragged lower by heavyweight mining and banking stocks, after Wall Street took the session off to mark the funeral of former US President George Bush Sr.

Morning Headlines

Red tape risks holding up frackers until 2021

Gold dips on rate hike views; palladium up

Gold has slipped on expectations of more interest rate hikes following remarks from a US Federal Reserve official and as some investors booked profits after prices hit their highest in more than five weeks.

Stocks hit by Wall St, US slowdown fears

Global stocks have fallen, plagued by a flattening yield curve that sparked concerns about an economic slowdown in the United States and weakening expectations of a lasting US-China trade truce, while the US dollar steadied.

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